Staying the course

14 Apr 2018 - The Star Online
CIMB group wholesale banking CEO remains conservative despite improvements seen TWO years into the job as the CEO of group wholesale banking at CIMB Group Holdings Bhd , Mak Lye Mun says the division has achieved most of what it set out to do and growth plans are intact. But true to his conservative ...
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CIMB achieves record PBT of RM6.11bil in FY17

28 Feb 2018 - The Star Online
KUALA LUMPUR: CIMB Group Holdings Bhd ’s net profit for the financial year ended Dec 31, 2017 (FY17) jumped 25.5% to RM4.47bil compared with RM3.56bil a year ago. Its latest earnings is shy off its record of RM4.54bil achieved in FY13. The group’s pre-tax profit (PBT) was 25.1% higher at RM6.11bil, with ...
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CIMB supports EPF’s cause to encourage youth plan for retirement

11 Feb 2018 - The Star Online
KUALA LUMPUR: CIMB Group strongly supports the Employees Provident Fund’s objective to make retirement an important topic, especially among the youth. Its group chief executive Tengku Datuk Seri Zafrul Aziz said on Sunday that the focus on saving for retirement was crucial to encourage more youth to ...
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Give banks more space to participate, invest in other businesses

6 Feb 2018 - The Star Online
KUALA LUMPUR: More spaces should be given to banks to participate and invest in other businesses, including financial technology (fintech), said CIMB Group Chairman, Datuk Seri Nazir Razak. From the banking perspective, he said, there should be a balanced treatment on the regulations imposed on the banking ...
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Zafrul sees vibrant market with fresh initiatives

6 Feb 2018 - The Star Online
KUALA LUMPUR: CIMB Group has come out in full support for the slew of capital market initiatives announced by the Prime Minister on Tuesday at the World Capital Markets Symposium 2018. Its group chief executive Tengku Datuk Seri Zafrul Aziz said he sees the stage is well-set for a more vibrant share-trading ...
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CIMB Bank ups FD and lending rates by 25bps

26 Jan 2018 - The Star Online
KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd announced on Friday increases in its base rate and fixed deposit board rates by 0.25% with effect from Feb 2. Similarly, loans and financing based on BLR and BFR respectively will be increased by 0.25%, it said on Friday. The increase was in response ...
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CIMB Research expects 25bp hike in interest rates

23 Jan 2018 - The Star Online
KUALA LUMPUR: A 25 basis point hike in the in overnight policy rate (OPR) is likely to be announced by Bank Negara’s monetary policy committee (MPC) on Thursday, says CIMB Equities Research. It said on Tuesday the potential rate hike could benefit banks as historically, the upward repricing of lending ...
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AmInvestment maintains Buy on CIMB

19 Jan 2018 - The Star Online
KUALA LUMPUR: AmInvestment Research has maintained its Buy recommendation on CIMB Group with a fair value of RM6.60 a share following the release of CIMB Thai's fourth quarter FY17 financial results. The Thai business reported a net loss of THB170mil (RM21.1mil) in 4QFY17 although it returned to the ...
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CIMB Thai swings into the black in FY17

18 Jan 2018 - The Star Online
KUALA LUMPUR: CIMB Thai Bank plc swung into profitability in the financial year ended Dec 31, 2017 with earnings of 384.9m baht (RM47.72m) compared with a net loss of 629.50mil baht in 2016 on rising income. CIMB Thai president and CEO Kittiphun Anutarasoti said the improvement was due to a 1.8% year-on-year ...
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CIMB targets RM30m annual premium from Sun Income Secure

15 Jan 2018 - The Star Online
KUALA LUMPUR: CIMB Bank Bhd aims to achieve annual premiums of RM30mil from its latest retirement planning product offering, Sun Income Secure, for the financial year 2018. The product is a collaboration between CIMB and its bancaassurance partner, Sun Life Malaysia Assurance Bhd. CIMB Group Consumer ...
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